how did the U.S. come about naming its currency the dollar,the quarter, the dime.. so on and so forth?
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This entry was posted on Tuesday, June 30th, 2009 at 6:04 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 30th, 2009 at 6:04 am
well i know they got the quarter from time, a quarter of an hr. is 15, a quarter of a doller is 25.
June 30th, 2009 at 6:04 am
The complete answer to your question is pretty long, but I’ll try to summarize. Before the U.S. was a country, and even for a while afterward, the primary currency was the "Spanish milled dollar", also called a "piece of eight". It got the "dollar" name from an adaptation of the Spanish name for the coin, "Juachim’s Thaler", or juachimsthaler, or thaler, and eventually dollar. The quarter is simply one-fourth of a dollar, thus a quarter dollar, or quarter. The nickel gets its name from its metallic content. The dime was originally spelled "disme" (but still pronounced "dime") from the French, but the U.S. mint anglicized the word to "dime" after a few years.